NZD/USD i favour downside...

15 thg 5, 2016

NZD/USD has been real lying ever since breaking a descending trend line. However it has found resistance at historical resistance plus a weekly 50% fibonacci zone represented with the yellow line. This led price to fall and break a daily ascending trend line it has been following for some time, we also witnessed a pin point retracement of this broken trend line. Our next downside target is set at 0.65952 and the green zone.